0001567619-19-004124.txt : 20190214 0001567619-19-004124.hdr.sgml : 20190214 20190214120149 ACCESSION NUMBER: 0001567619-19-004124 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190214 DATE AS OF CHANGE: 20190214 EFFECTIVENESS DATE: 20190214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEUTHOLD GROUP, LLC CENTRAL INDEX KEY: 0001170152 IRS NUMBER: 411971243 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10174 FILM NUMBER: 19603241 BUSINESS ADDRESS: STREET 1: 150 SOUTH FIFTH STREET STREET 2: SUITE 1700 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123329141 MAIL ADDRESS: STREET 1: 150 SOUTH FIFTH STREET STREET 2: SUITE 1700 CITY: MINNEAPOLIS STATE: MN ZIP: 55402 FORMER COMPANY: FORMER CONFORMED NAME: LEUTHOLD WEEDEN CAPITAL MANAGEMENT DATE OF NAME CHANGE: 20100217 FORMER COMPANY: FORMER CONFORMED NAME: LEUTHOLD WEEDEN CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20020328 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001170152 XXXXXXXX 12-31-2018 12-31-2018 LEUTHOLD GROUP, LLC

150 SOUTH FIFTH STREET SUITE 1700 MINNEAPOLIS MN 55402

13F HOLDINGS REPORT 028-10174 N Roger Peters 612-332-9141 /s/ Roger Peters Minneapolis MN 02-14-2019 0 185 697781 false INFORMATION TABLE 2 form13fInfoTable.xml Aaron's Inc. COM 002535300 4410 104882 SH SOLE 104882 0 0 AbbVie Inc. COM 00287Y109 3226 34992 SH SOLE 34992 0 0 Acadia Healthcare Co Inc COM 00404A109 4305 167455 SH SOLE 167455 0 0 Accenture PLC SHS CL A G1151C101 674 4781 SH SOLE 4781 0 0 Alliance Data Systems Corp. COM 018581108 3297 21965 SH SOLE 21965 0 0 Ally Financial Inc COM 02005N100 4070 179632 SH SOLE 179632 0 0 AMC Networks Inc. Class A CL A 00164V103 2618 47713 SH SOLE 47713 0 0 AmerisourceBergen Corp. COM 03073E105 525 7063 SH SOLE 7063 0 0 Amgen Inc. COM 031162100 2965 15232 SH SOLE 15232 0 0 AMN Healthcare Services Inc. COM 001744101 3697 65243 SH SOLE 65243 0 0 Antero Resources Corporation COM 03674X106 199 21214 SH SOLE 21214 0 0 Anthem Inc COM 036752103 11185 42588 SH SOLE 42588 0 0 Applied Materials Inc. COM 038222105 5704 174211 SH SOLE 174211 0 0 ASGN Inc. COM 00191U102 4638 85110 SH SOLE 85110 0 0 AutoZone Inc. COM 053332102 4168 4972 SH SOLE 4972 0 0 Biogen Inc. COM 09062X103 2858 9497 SH SOLE 9497 0 0 Bio-Rad Laboratories Inc. (Cl CL A 090572207 429 1848 SH SOLE 1848 0 0 BJ's Restaurants Inc. COM 09180C106 2164 42793 SH SOLE 42793 0 0 Brinker International Inc COM 109641100 2331 52999 SH SOLE 52999 0 0 CACI International Inc. (Cl A) CL A 127190304 456 3168 SH SOLE 3168 0 0 Cambrex Corp COM 132011107 434 11489 SH SOLE 11489 0 0 Canadian National Railway Co. COM 136375102 3593 48477 SH SOLE 48477 0 0 Canadian Pacific Railway Ltd. COM 13645T100 4890 27528 SH SOLE 27528 0 0 Capital One Financial Corp. COM 14040H105 3606 47708 SH SOLE 47708 0 0 Celgene Corp. COM 151020104 2433 37970 SH SOLE 37970 0 0 Cenovus Energy Inc. COM 15135U109 306 43494 SH SOLE 43494 0 0 Centene Corp. COM 15135B101 9879 85684 SH SOLE 85684 0 0 Cheesecake Factory COM 163072101 2330 53540 SH SOLE 53540 0 0 Chesapeake Energy Corp. COM 165167107 192 91305 SH SOLE 91305 0 0 Chico'S Fas Inc COM 168615102 63 11280 SH SOLE 11280 0 0 China Mobile Ltd. ADS SPONSORED ADR 16941M109 548 11417 SH SOLE 11417 0 0 Ciena Corp. COM NEW 171779309 846 24950 SH SOLE 24950 0 0 Cigna Corporation COM 125509109 11884 62575 SH SOLE 62575 0 0 CNX Resources Corporation COM 12653C108 283 24813 SH SOLE 24813 0 0 CommScope Holding Co., Inc. COM 20337X109 340 20765 SH SOLE 20765 0 0 Communication Services Select COMMUNICATION 81369Y852 304 7355 SH SOLE 7355 0 0 Consumer Discretionary Select SBI CONS DISCR 81369Y407 297 2995 SH SOLE 2995 0 0 Costco Wholesale Corp. COM 22160K105 9509 46681 SH SOLE 46681 0 0 Cracker Barrel Old Country Sto COM 22410J106 2518 15751 SH SOLE 15751 0 0 CSG Systems International Inc. COM 126349109 298 9365 SH SOLE 9365 0 0 CSX Corp. COM 126408103 4996 80418 SH SOLE 80418 0 0 CVR Refining LP COMUNIT REP LT 12663P107 194 18609 SH SOLE 18609 0 0 CVS Health Corp. COM 126650100 8140 124241 SH SOLE 124241 0 0 D.R. Horton Inc. COM 23331A109 6352 183273 SH SOLE 183273 0 0 Darden Restaurants Inc. COM 237194105 3641 36463 SH SOLE 36463 0 0 Dave & Buster's Entertainment, COM 238337109 2034 45656 SH SOLE 45656 0 0 DaVita HealthCare Partners Inc COM 23918K108 4077 79227 SH SOLE 79227 0 0 Dick's Sporting Goods, Inc. COM 253393102 3182 101983 SH SOLE 101983 0 0 Dillard's Inc. Cl A CL A 254067101 3260 54058 SH SOLE 54058 0 0 Dine Brands Global, Inc. COM 254423106 1997 29657 SH SOLE 29657 0 0 Dollar General Corp. COM 256677105 8899 82335 SH SOLE 82335 0 0 Dollar Tree Inc. COM 256746108 6599 73058 SH SOLE 73058 0 0 DXC Technology Co. COM 23355L106 483 9077 SH SOLE 9077 0 0 EchoStar Corp. CL A 278768106 448 12211 SH SOLE 12211 0 0 Ecopetrol SA Sponsored ADR SPONSORED ADS 279158109 359 22630 SH SOLE 22630 0 0 Encompass Health Corporation COM 29261A100 5902 95663 SH SOLE 95663 0 0 Encore Capital Group, Inc. COM 292554102 252 10717 SH SOLE 10717 0 0 ENI S.p.A. ADS SPONSORED ADR 26874R108 399 12660 SH SOLE 12660 0 0 Equinor ASA SPONSORED ADR 29446M102 413 19493 SH SOLE 19493 0 0 Exxon Mobil Corp. COM 30231G102 534 7829 SH SOLE 7829 0 0 Fibria Celulose S.A. (ADS) SP ADR REP COM 31573A109 472 27423 SH SOLE 27423 0 0 Fidelity National Information COM 31620M106 578 5639 SH SOLE 5639 0 0 First Data Corporation Class A COM CL A 32008D106 4002 236637 SH SOLE 236637 0 0 Fiserv Inc. COM 337738108 6787 92349 SH SOLE 92349 0 0 FleetCor Technologies Inc. COM 339041105 4402 23703 SH SOLE 23703 0 0 Genesee & Wyoming Inc. Cl A CL A 371559105 3808 51448 SH SOLE 51448 0 0 Genpact Ltd. SHS G3922B107 2525 93541 SH SOLE 93541 0 0 Gilead Sciences Inc. COM 375558103 2728 43609 SH SOLE 43609 0 0 Group 1 Automotive Inc. COM 398905109 2113 40086 SH SOLE 40086 0 0 Hawaiian Holdings Inc. COM 419879101 431 16317 SH SOLE 16317 0 0 HCA Healthcare Inc COM 40412C101 13867 111423 SH SOLE 111423 0 0 Health Care Select Sector SPDR SBI HEALTHCARE 81369Y209 285 3297 SH SOLE 3297 0 0 HollyFrontier Corp. COM 436106108 562 10988 SH SOLE 10988 0 0 Home Depot Inc. COM 437076102 3732 21720 SH SOLE 21720 0 0 Humana Inc. COM 444859102 7213 25177 SH SOLE 25177 0 0 Insperity, Inc. COM 45778Q107 6151 65887 SH SOLE 65887 0 0 Intel Corp. COM 458140100 3869 82436 SH SOLE 82436 0 0 Invesco CurrencyShares Euro Tr EURO SHS 46138K103 11374 103890 SH SOLE 103890 0 0 Invesco CurrencyShares Japanes JAPANESE YEN 46138W107 29488 338518 SH SOLE 338518 0 0 Invesco Optimum Yield Diversif OPTIMUM YIELD 46090F100 17278 1146500 SH SOLE 1146500 0 0 IQVIA Holdings Inc COM 46266C105 702 6044 SH SOLE 6044 0 0 iShares 1-3 Year Treasury Bond 1 3 YR TREAS BD 464287457 1845 22063 SH SOLE 22063 0 0 iShares 20 Year Treasury Bond 20 YR TR BD ETF 464287432 2568 21138 SH SOLE 21138 0 0 iShares 7-10 Year Treasury Bon BARCLAYS 7 10 YR 464287440 4652 44646 SH SOLE 44646 0 0 iShares Core MSCI EAFE ETF CORE MSCI EAFE 46432F842 470 8551 SH SOLE 8551 0 0 iShares Floating Rate Bond ETF FLTG RATE BD ETF 46429B655 15580 309378 SH SOLE 309378 0 0 iShares iBoxx $ Investment Gra IBOXX INV CP ETF 464287242 1219 10806 SH SOLE 10806 0 0 iShares Intermediate-Term Cred INTRM TR CRP ETF 464288638 3482 66422 SH SOLE 66422 0 0 iShares International Treasury INTL TREA BD ETF 464288117 24555 506596 SH SOLE 506596 0 0 iShares JPMorgan USD Emerging JP MOR EM MK ETF 464288281 1435 13806 SH SOLE 13806 0 0 iShares MBS ETF MBS ETF 464288588 2337 22329 SH SOLE 22329 0 0 iShares S&P 500 Fund CORE S&P500 ETF 464287200 310 1234 SH SOLE 1234 0 0 Kansas City Southern COM NEW 485170302 4546 47622 SH SOLE 47622 0 0 KLA-Tencor Corp. COM 482480100 2952 32983 SH SOLE 32983 0 0 Kohl's Corp. COM 500255104 5689 85755 SH SOLE 85755 0 0 Kroger Co. COM 501044101 6309 229410 SH SOLE 229410 0 0 Kulicke & Soffa Industries, In COM 501242101 1815 89535 SH SOLE 89535 0 0 Laboratory Corp. of America Ho COM NEW 50540R409 4726 37403 SH SOLE 37403 0 0 Lam Research Corp. COM 512807108 8444 62011 SH SOLE 62011 0 0 Laredo Petroleum, Inc. COM 516806106 152 41857 SH SOLE 41857 0 0 Lennar Corp. (Cl A) CL A 526057104 3805 97189 SH SOLE 97189 0 0 Lincoln National Corp. COM 534187109 275 5359 SH SOLE 5359 0 0 Louisiana-Pacific Corp. COM 546347105 558 25094 SH SOLE 25094 0 0 Lowe's Cos. COM 548661107 6638 71866 SH SOLE 71866 0 0 Lumentum Holdings, Inc. COM 55024U109 589 14025 SH SOLE 14025 0 0 M.D.C. Holdings Inc. COM 552676108 2657 94533 SH SOLE 94533 0 0 Macy's Inc. COM 55616P104 4622 155193 SH SOLE 155193 0 0 ManTech International Corp. (C CL A 564563104 353 6757 SH SOLE 6757 0 0 Marathon Petroleum Corp. COM 56585A102 404 6847 SH SOLE 6847 0 0 Mastercard Inc. Cl A CL A 57636Q104 9555 50647 SH SOLE 50647 0 0 Maximus Inc. COM 577933104 4521 69451 SH SOLE 69451 0 0 Medpace Holdings, Inc. COM 58506Q109 499 9426 SH SOLE 9426 0 0 Meritage Homes Corp. COM 59001A102 2668 72665 SH SOLE 72665 0 0 Micron Technology Inc. COM 595112103 3646 114908 SH SOLE 114908 0 0 MKS Instruments Inc. COM 55306N104 3964 61357 SH SOLE 61357 0 0 Nelnet Inc CL A 64031N108 370 7063 SH SOLE 7063 0 0 Nexstar Media Group, Inc. Clas CL A 65336K103 3382 43007 SH SOLE 43007 0 0 Nordstrom Inc. COM 655664100 5084 109070 SH SOLE 109070 0 0 Norfolk Southern Corp. COM 655844108 5083 33991 SH SOLE 33991 0 0 ON Semiconductor Corp. COM 682189105 509 30806 SH SOLE 30806 0 0 OneMain Holdings, Inc. COM 68268W103 1657 68225 SH SOLE 68225 0 0 PBF Energy, Inc. Class A CL A 69318G106 428 13113 SH SOLE 13113 0 0 Peabody Energy Corporation COM 704551100 415 13613 SH SOLE 13613 0 0 Penske Automotive Grp Inc Com COM 70959W103 2735 67821 SH SOLE 67821 0 0 Performance Food Group Co. COM 71377A103 2384 73892 SH SOLE 73892 0 0 Premier Inc. Class A CL A 74051N102 3282 87870 SH SOLE 87870 0 0 ProShares Short Dow30 PSHS SHORT DOW30 74347B235 418 6822 SH SOLE 6822 0 0 ProShares Short Russell2000 SHRT RUSSELL 2000 74348A210 13481 288677 SH SOLE 288677 0 0 ProShares Trust Short S&P500 SHORT S&P 500 NE 74347B425 13217 421868 SH SOLE 421868 0 0 Prudential Financial Inc. COM 744320102 396 4850 SH SOLE 4850 0 0 PulteGroup Inc. COM 745867101 5548 213460 SH SOLE 213460 0 0 Quest Diagnostics Inc. COM 74834L100 4611 55372 SH SOLE 55372 0 0 Regeneron Pharmaceuticals Inc. COM 75886F107 3131 8384 SH SOLE 8384 0 0 Reliance Steel & Aluminum Co. COM 759509102 277 3895 SH SOLE 3895 0 0 Republic Services Inc. COM 760759100 6882 95461 SH SOLE 95461 0 0 Robert Half International Inc. COM 770323103 5649 98759 SH SOLE 98759 0 0 Sabre Corp. COM 78573M104 337 15585 SH SOLE 15585 0 0 Santander Consumer USA Holding COM 80283M101 3116 177127 SH SOLE 177127 0 0 Select Medical Holdings Corpor COM 81619Q105 3689 240312 SH SOLE 240312 0 0 Shire PLC ADR SPONSORED ADR 82481R106 3056 17560 SH SOLE 17560 0 0 Skywest Inc Com COM 830879102 448 10081 SH SOLE 10081 0 0 SolarEdge Technologies, Inc. COM 83417M104 3395 96728 SH SOLE 96728 0 0 Southwestern Energy Co. COM 845467109 298 87509 SH SOLE 87509 0 0 SPDR Barclays International Co BLOMBRG BRC INTL 78464A151 923 28012 SH SOLE 28012 0 0 SPDR Barclays Short Term High BLOOMBERG SRT TR 78468R408 447 17173 SH SOLE 17173 0 0 SPDR Bloomberg Barclays 1-3 Mo SPDR BLOOMBERG 78468R663 3705 40514 SH SOLE 40514 0 0 SPDR Bloomberg Barclays Intern BLOMBRG INTL TR 78464A516 9032 327141 SH SOLE 327141 0 0 SPDR Gold Trust GOLD SHS 78463V107 10521 86770 SH SOLE 86770 0 0 SPDR S&P 500 ETF TR UNIT 78462F103 389 1558 SH SOLE 1558 0 0 Sprouts Farmers Markets, Inc. COM 85208M102 4183 177925 SH SOLE 177925 0 0 Stericycle Inc. COM 858912108 2427 66138 SH SOLE 66138 0 0 STMicroelectronics N.V. NY REGISTRY 861012102 380 27412 SH SOLE 27412 0 0 Synchrony Financial COM 87165B103 2509 106941 SH SOLE 106941 0 0 Syneos Health, Inc. Class A CL A 87166B102 431 10941 SH SOLE 10941 0 0 Taiwan Semiconductor Manufactu SPONSORED ADR 874039100 3068 83116 SH SOLE 83116 0 0 Target Corp. COM 87612E106 10103 152862 SH SOLE 152862 0 0 Technology Select Sector SPDR TECHNOLOGY 81369Y803 366 5910 SH SOLE 5910 0 0 Telephone & Data Systems Inc. COM NEW 879433829 504 15484 SH SOLE 15484 0 0 Tenet Healthcare Corporation COM NEW 88033G407 1695 98920 SH SOLE 98920 0 0 Tetra Tech Inc. COM 88162G103 3043 58775 SH SOLE 58775 0 0 T-Mobile US Inc COM 872590104 504 7923 SH SOLE 7923 0 0 Toll Brothers Inc. COM 889478103 4244 128872 SH SOLE 128872 0 0 Travelport Worldwide Ltd. SHS G9019D104 2747 175860 SH SOLE 175860 0 0 TRI Pointe Group Inc COM 87265H109 437 39937 SH SOLE 39937 0 0 TriNet Group, Inc. COM 896288107 3758 89577 SH SOLE 89577 0 0 TrueBlue, Inc. COM 89785X101 2260 101552 SH SOLE 101552 0 0 Union Pacific Corp. COM 907818108 4949 35805 SH SOLE 35805 0 0 United States Steel Corp. COM 912909108 195 10703 SH SOLE 10703 0 0 UnitedHealth Group Inc. COM 91324P102 12130 48692 SH SOLE 48692 0 0 Universal Health Services Inc. CL B 913903100 9643 82729 SH SOLE 82729 0 0 Vanguard Short-Term Corporate SHRT TRM CORP BD 92206C409 290 3725 SH SOLE 3725 0 0 Vanguard Short-Term Inflation- STRM BD IDX ETF 922020805 4306 89862 SH SOLE 89862 0 0 Viacom Inc. (Cl B) CL B 92553P201 3173 123447 SH SOLE 123447 0 0 Visa Inc. CL A 92826C839 9484 71880 SH SOLE 71880 0 0 Walgreens Boots Alliance Inc COM 931427108 9631 140945 SH SOLE 140945 0 0 Wal-Mart Stores Inc. COM 931142103 9874 106006 SH SOLE 106006 0 0 Walt Disney Co. COM DISNEY 254687106 5788 52784 SH SOLE 52784 0 0 Waste Management Inc. COM 94106L109 6884 77362 SH SOLE 77362 0 0 Wendy's Company COM 95058W100 2400 153762 SH SOLE 153762 0 0 Werner Enterprises Inc. COM 950755108 2432 82313 SH SOLE 82313 0 0 Western Union Co. COM 959802109 2494 146199 SH SOLE 146199 0 0 Williams-Sonoma Inc. COM 969904101 5482 108653 SH SOLE 108653 0 0 Wipro Ltd. ADS SPON ADR 1 SH 97651M109 404 78737 SH SOLE 78737 0 0 World Acceptance Corp. COM 981419104 2227 21776 SH SOLE 21776 0 0 Yum Brands Inc COM 988498101 4201 45700 SH SOLE 45700 0 0